California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| 1 |
Walmart
WMT
|
+$250M |
| 2 |
Target
TGT
|
+$142M |
| 3 |
Abbott
ABT
|
+$113M |
| 4 |
Verizon
VZ
|
+$87.4M |
| 5 |
NetEase
NTES
|
+$77.2M |
Top Sells
| 1 |
Alibaba
BABA
|
+$930M |
| 2 |
Apple
AAPL
|
+$258M |
| 3 |
Ross Stores
ROST
|
+$168M |
| 4 |
TIF
Tiffany & Co.
TIF
|
+$117M |
| 5 |
NVR
NVR
|
+$96.3M |
Sector Composition
| 1 | Technology | 21.88% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.15% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
1951
DNOW Inc
DNOW
$1.6B
| $2.26M | ﹤0.01% |
223,700
-32,895
| -13% | -$332K |
|
|
BPFH
1952
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $2.24M | ﹤0.01% |
168,300
-29,012
| -15% | -$386K |
|
1953
Conduent
CNDT
$445M
| $2.24M | ﹤0.01% |
336,000
-49,457
| -13% | -$329K |
|
|
RIDE
1954
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $2.22M | ﹤0.01% |
12,585
-885
| -7% | -$156K |
|
|
ZGNX
1955
DELISTED
Zogenix, Inc.
ZGNX
| $2.22M | ﹤0.01% |
113,500
| – | – |
|
1956
Radware
RDWR
$1.1B
| $2.21M | ﹤0.01% |
84,800
-7,865
| -8% | -$205K |
|
1957
iHeartMedia
IHRT
$389M
| $2.21M | ﹤0.01% |
121,800
-18,328
| -13% | -$333K |
|
1958
B. Riley Financial
RILY
$190M
| $2.21M | ﹤0.01% |
39,200
-3,650
| -9% | -$206K |
|
1959
American Axle
AXL
$697M
| $2.21M | ﹤0.01% |
228,600
-33,904
| -13% | -$327K |
|
|
NIU
1960
Niu Technologies
NIU
$316M
| $2.2M | ﹤0.01% |
+59,902
| New | +$2.2M |
|
|
RDUS
1961
DELISTED
Radius Recycling
RDUS
| $2.19M | ﹤0.01% |
52,500
-7,757
| -13% | -$324K |
|
1962
StoneX
SNEX
$5.04B
| $2.18M | ﹤0.01% |
75,150
-8,764
| -10% | -$255K |
|
|
HHR
1963
DELISTED
HeadHunter Group PLC American Depositary Shares
HHR
| $2.18M | ﹤0.01% |
64,300
-5,955
| -8% | -$202K |
|
1964
Designer Brands
DBI
$225M
| $2.18M | ﹤0.01% |
125,300
-18,979
| -13% | -$330K |
|
|
RTL
1965
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $2.18M | ﹤0.01% |
222,000
-32,767
| -13% | -$322K |
|
1966
Kforce
KFRC
$567M
| $2.17M | ﹤0.01% |
40,500
-3,726
| -8% | -$200K |
|
1967
The Bancorp
TBBK
$3.5B
| $2.17M | ﹤0.01% |
104,800
-10,023
| -9% | -$208K |
|
1968
Dime Community Bancshares
DCOM
$1.35B
| $2.16M | ﹤0.01% |
71,777
+32,782
| +84% | +$988K |
|
1969
Hyliion Holdings
HYLN
$284M
| $2.16M | ﹤0.01% |
202,247
| – | – |
|
1970
Seres Therapeutics
MCRB
$139M
| $2.16M | ﹤0.01% |
5,239
-519
| -9% | -$214K |
|
1971
Regenxbio
RGNX
$465M
| $2.16M | ﹤0.01% |
63,250
-6,150
| -9% | -$210K |
|
1972
C3.ai
AI
$2.26B
| $2.16M | ﹤0.01% |
+32,700
| New | +$2.16M |
|
1973
Apogee Enterprises
APOG
$903M
| $2.15M | ﹤0.01% |
52,600
-9,206
| -15% | -$376K |
|
|
INN
1974
Summit Hotel Properties
INN
$623M
| $2.15M | ﹤0.01% |
211,600
-19,312
| -8% | -$196K |
|
1975
Omeros
OMER
$282M
| $2.14M | ﹤0.01% |
120,200
| – | – |
|